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Topic: In FX, why doesn't cash balance update after a position is closed? (3 messages, Page 1 of 1) |
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CWeber984 Posts: 226 Joined: Apr 24, 2012 |
In OEC Trader Demo, when using an FX account, the cash balance doesn't update after closing a position. The same behavior exists when using the API.
Shouldn't the cash balance update after a position closes or is partially offset? If not, when does the FX Cash Balance update? Thanks, CHW
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CMicciche902 Posts: 367 Joined: |
Trades have to settle before the cash balance updates. There is daily maintenance at 5pm ET. At that time, the Net Liq value will become the Cash balance.
Chris M
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CWeber984 Posts: 226 Joined: Apr 24, 2012 |
Thanks for the info Chris. We know how to proceed from here given this info.
CHW
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